The Baltic Countries: From Economic Stabilization to EU Accession

Occasional Papers, November 25, 1998

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The Baltic Countries: From Economic Stabilization to EU Accession

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Bibliographic details

• Authors: Françoise Le Gall, L. Effie Psalida, Pietro Garibaldi, Julian Berengaut, Jerald A Schiff, Kerstin Westin, Richard E Stern, Dennis Jones
• Published: November 25, 1998
• Series: Occasional Papers
• DOI: https://doi.org/10.5089/9781557757388.084

Overview and scope

• Title: The Baltic Countries: From Economic Stabilization to EU Accession
• Authors: Françoise Le Gall, L. Effie Psalida, Pietro Garibaldi, Julian Berengaut, Jerald A Schiff, Kerstin Westin, Augusto López-Claros, Richard E Stern, Dennis Jones
• Publication date: November 25, 1998
• Series: Occasional Paper No. 1998/019
• Volume: 1998
• Issue: 019
• Pages: 87
• DOI: https://doi.org/10.5089/9781557757388.084
• ISBN: 9781557757388
• ISSN: 0251-6365
• Stock No: S173EA0000000

Central question and perspective

• Core questions examined:
  • Are the three Baltic countries, Latvia, Estonia, and Lithuania, ready for accession to the European Union?
  • Have their economies overcome the problems of transition?
• Analytical approach:
  • Provides a cross-country perspective of developments from 1994 through mid-1997 rather than a country-by-country description.
  • The volume comprises seven sections that discuss recent macroeconomic and structural policies, exchange rate regimes, fiscal issues, financial systems, private sector development, and accession to the European Union.

Major themes and substantive findings

• Macroeconomic and structural policies:
  • The paper reviews recent macroeconomic and structural policies implemented in the Baltic countries (covering developments from 1994 through mid-1997).
• Exchange rate regimes:
  • Exchange rate regimes and their implications for the Baltic countries’ stabilization and convergence are examined.
• Fiscal issues:
  • Fiscal policy issues and public finance challenges faced during transition are analyzed.
• Financial systems:
  • The state and evolution of financial systems, including banking sector developments, are assessed.
• Private sector development and privatization:
  • Private sector development, including privatization processes, is discussed as a component of transition.
• Accession to the European Union:
  • The implications of economic developments for accession to the European Union are a core focus.

Subject classifications and keywords

• Subject areas:
  • Banking, Budget planning and preparation, Commercial banks, Economic sectors, Exchange rate arrangements, Expenditure, Financial institutions, Foreign exchange, Privatization, Public financial management (PFM)
• Keywords (as listed):
  • accessing domestic, Baltics, Budget planning and preparation, Central and Eastern Europe, Commercial banks, country, Eastern Europe, Europe, Exchange rate arrangements, government, OP, policy, policy agenda, policy objective, policy outcome, private sector development, Privatization, Western Europe

Availability and formats

• The volume is presented as an IMF Occasional Paper and is available through the IMF eLibrary in multiple formats.
• Ordering options and citation formats are provided (Chicago format example included on the landing page).

International Monetary Fund. The Baltic Countries: From Economic Stabilization to EU Accession. Occasional Paper No. 1998/019. DOI: https://doi.org/10.5089/9781557757388.084